Commentary

C2.1103 Small part disposals

Capital gains tax
Capital gains tax | Commentary

C2.1103 Small part disposals

Capital gains tax | Commentary

C2.1103 Small part disposals

A part disposal of land is not treated as a disposal if the transferor so claims1 and the following conditions are satisfied:

  1.  

    (a)     the amount or value of the consideration is not more than 20% of the market value of the holding as it subsisted immediately before the transfer2, and

  2.  

    (b)     the transfer is not between husband and wife or (with effect from 5 December 2005) civil partners living together3, or a transfer within a group of companies4, and

  3.  

    (c)     the amount or value of the consideration for the transfer does not exceed £20,000; if, in the year of

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